1. 10 lessons learned in implementing new revenue recognition guidance | Accounting Today

    The rules governing revenue recognition for public and private companies worldwide are changing dramatically starting Jan. 1, 2018. And several recent surveys show that most companies are unprepared. If you have not yet completed your implementation of the new standard — either ASC 606 or IFRS 15 — the following 10 lessons we have learned may help you get a jump start and utilize best practices that RGP, a finance and technology consultancy, and Zuora, which makes rev rec automation software, are seeing while helping companies transition to the new rules. 1. Just do it! Get started and keep up the momentum ...

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